$160 —
Lower than 84% of suburb / locality areas.
Median weekly rent paid by households renting their home.
Wool Wool · Suburb / Locality
Where and how people live — the homes, how they are held, and what they cost.
A huge gap exists between Wool Wool and the rest of the country, with typical weekly rents of just $160 sitting far below the national figure. This affordable housing market is defined by a high proportion of people who own their homes outright.
All suburb / locality areas, 2021. The marker is Wool Wool — lower than 84% of areas.
Rents, mortgages and crowding.
Typical monthly mortgage payments are $1,400, which is well below the Victorian average of $1,859. Renting is also much cheaper than in most areas, with the usual weekly cost sitting far below both state and national figures.
$160 —
Lower than 84% of suburb / locality areas.
Median weekly rent paid by households renting their home.
$1,400 —
Lower than 65% of suburb / locality areas.
Median monthly mortgage repayment for households with a mortgage.
In Wool Wool, Under $200 is the majority at 100%.
In Wool Wool, $1,000–$1,799 is the majority at 100%.
How homes are owned or rented.
Almost half of all homes in Wool Wool are owned outright, a figure far above the 31% national average. Only 14.3% of households are renting, which is far below the rates seen across Victoria and Australia.
14.3% —
Lower than 58% of suburb / locality areas.
Share of occupied private dwellings that are rented.
47.6% —
Higher than 69% of suburb / locality areas.
Share of occupied private dwellings owned outright (no mortgage).
In Wool Wool, Owned outright is the majority at 59%; Owned with a mortgage is next at 24%.
Houses, townhouses, apartments and bedrooms.
Separate houses make up 90.5% of the market, far above the state average of 73.4%. However, the area has a much lower share of large homes, with those having three or more bedrooms sitting far below the national figure of 73.8%.
0.80 —
Lower than 57% of suburb / locality areas.
Average number of usual residents per bedroom — a crowding measure.
90.5% —
Lower than 67% of suburb / locality areas.
Share of occupied private dwellings that are separate houses.
61.9% —
Lower than 85% of suburb / locality areas.
Share of occupied private dwellings with three or more bedrooms.
In Wool Wool, Separate house is the majority at 100%.
In Wool Wool, the largest group is 3 bedrooms at 44%, followed by 2 bedrooms (28%) and 4 bedrooms (28%).
Australian Bureau of Statistics. (2021). Housing & Dwellings in Wool Wool [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sal/SAL22847/wool-wool/topic/housing-dwellings